|Albert Edwards Storms Out Of The Gate With Calls For 450 On The S&P, Sub-1% 10 Year, And $10,000 GOld|
|ZeroHedge, 29/08/2013 (traduire en Français )|
The fabulously entertaining Zero Hedge website
Mais je trouve la chose plus claire dans le Business Insider :
|ALBERT EDWARDS: We've Heard The Final Tweet Of The Global Canary In The Coalmine|
|Business Insider, 29/08/2013 (traduire en Français )|
The emerging markets ‘story’ has once again been exposed as a pyramid of piffle. The EM edifice has come crashing down as their underlying balance of payments weaknesses have been exposed first by the yen’s slide and then by the threat of Fed tightening. China has flip- flopped from berating Bernanke for too much QE in 2010 to warning about the negative impact of tapering on emerging markets! It is a mystery to me why anyone, apart from the activists that seem to inhabit western central banks, thinks QE could be the solution to the problems of the global economy. But in temporarily papering over the cracks, they have allowed those cracks to become immeasurably deep crevasses...
Dr Copper :
At the risk of being called a crackpot again, I repeat my forecasts of 450 for the S&P, sub-1% US 10y yields and gold above $10,000.